UK CPI accelerated to 5.4% yoy in Dec, core CPI rose to 4.2% yoy

UK CPI accelerated to 5.4% yoy in December, up from 5.1%, above expectation of 5.2% yoy. This is the highest reading since record began in 1997. CPI core rose to 4.2% yoy, up from 4.0% yoy, above expectation of 4.0% yoy. Also released, PPI input came in at -0.2% mom, 13.5% yoy, versus expectation of […]

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